Big move out of the base today on high volume. First entry (from...

Big move out of the base today on high volume. First entry (from a TA perspective) would have been on the 20th when the price moved off the key moving averages on good volume. Price then set what is referred to as a 'pivot point' (PP) where price action movements are minimal and volume traded drops right off. This is usually a good sign that sellers are running out or non existent and is a key indicator to look for when a stock is setting up and above to move higher. We might see price drop back to test the breakout at 1.105, or buying support will continue to push it higher before it sets a new base.

This is also only the second base - you usually see 3-5 bases with trending stocks.